Chandler, Arizona Real Estate
Market Conditions

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Absorption Rate (%) (Residential Listings)   05/2012   1.6   06/2012   1.66   07/2012   1.73   08/2012   1.84   09/2012   1.89   10/2012   1.92   11/2012   1.98   12/2012   1.92   01/2013   1.88   02/2013   1.91   03/2013   1.74   04/2013   1.7

Active Average List Price ($) (Residential Listings)   05/2012   287,597.25   06/2012   270,521.75   07/2012   273,795.75   08/2012   294,508.86   09/2012   306,603.85   10/2012   319,142.72   11/2012   303,241.55   12/2012   314,438.53   01/2013   322,292.89   02/2013   323,654.22   03/2013   339,815.06   04/2013   358,705.71

New Average List Price ($) (Residential Listings)   05/2012   236,269.3   06/2012   231,023.54   07/2012   262,740.94   08/2012   240,104.51   09/2012   262,959.54   10/2012   264,699.08   11/2012   258,776.79   12/2012   277,979.23   01/2013   248,680.48   02/2013   277,887.01   03/2013   275,399.5   04/2013   295,514.18

Days On Market (Days) (Residential Listings)   05/2012   63.9   06/2012   58.4   07/2012   53.9   08/2012   57.5   09/2012   54.1   10/2012   60.8   11/2012   53.7   12/2012   52   01/2013   64.1   02/2013   57.9   03/2013   52.5   04/2013   49.1

Inventory - New Listings (Residential Listings)   05/2012   508   06/2012   479   07/2012   482   08/2012   557   09/2012   407   10/2012   499   11/2012   423   12/2012   271   01/2013   464   02/2013   457   03/2013   460   04/2013   500

Sales to List Price Ratio (%) (Residential Listings)   05/2012   98.1   06/2012   99.5   07/2012   99.7   08/2012   98.7   09/2012   99.4   10/2012   98.6   11/2012   98.4   12/2012   98   01/2013   97.8   02/2013   97.2   03/2013   99.1   04/2013   98.4

Active Average List Price of Homes in Chandler

The active average list price is the average price of all active Chandler Arizona real estate listings for any given time period. Feel free to contact our certified Chandler real estate agent (Eric Crane – contact info is on the left) to receive more detailed reports for the price range you are interested in. You can also search for Chandler real estate listings if you’d like and then prepare your questions for Eric.

New Average List Price of Homes in Chandler

The new average list price is the average price of new (1st time to be listed) Chandler Arizona property listings for any given time period. Contact Eric to receive more detailed reports for the price range or home you are interested in.

Days On Market for Chandler Arizona Real Estate

Another important piece of information for home buyers and sellers is called average Days on Market (DOM). This roughly measures the length of time a house will stay on the market from the day it is listed until the day it goes under contract. To determine the average days on market in Chandler, we take the last 30 days of sold listings, add together the days on market (before each listing went pending), and divide that total by the number of listings in Chandler.

Absorption Rate

Absorption rate in its simplest form is how long it will take the market in a given area to absorb the current inventory of homes that are for sale. A declining figure indicates the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.

For example: If 12 homes sold in the last 12 months that means that the market will absorb 1 house per month on average. If there are 10 homes currently on the market, there is a 10 month supply and so on.

Inventory - New Chandler AZ Listings

This is simply a measure of the total number of new listings to hit the Chandler market within a specified time frame.

Sales to List Price Ratio (%)

The "sales to list price" ratio is one you will want to pay close attention to. This ratio gives you an indicator of the percentage of the original list price people are paying for the homes in a given area.

Let's look at a scenario, if you have an average list price for an area of $250,000, and the average sales price is $245,000 this would give you a List Price / Sales Price ratio of 98% ($245,000 / $250,000). Having this information for any city within the metro Phoenix area that you are wishing to purchase or sell a home in, can give you an idea of what to offer on a home or what price to list your home at.

Do You Have Questions about the Chandler Arizona Real Estate Market?

Contact your Certified Chandler Real Estate Agent by using the contact information on the left side of the page under the agent’s photo. You can also reach Realty AZ Central directly at (602) 753-7618.

Chandler Arizona Area Information

Chandler Arizona Property Search